1.79%
8.37%
4.30%
7.06%
44.51%
25.40%
40.78%
160.00160.00155.00155.00150.00150.00145.00145.00140.00140.00135.00135.00130.00130.0011/26/202411/26/202412/7/202412/7/202412/18/202412/18/202412/29/202412/29/20241/10/20251/10/20251/21/20251/21/20252/1/20252/1/20252/12/20252/12/2025
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Company Description

Royal Gold, Inc., together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests.It focuses on acquiring stream and royalty interests or to finance projects that are in production or in development stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and cobalt.As of June 30, 2022, the Company owned interests in 185 properties on five continents, including interests on 41 producing mines and 19 development stage projects.


Its stream and royalty interests on properties are located in the United States, Canada, Chile, the Dominican Republic, Australia, Africa, Mexico, and internationally.Royal Gold, Inc.was incorporated in 1981 and is headquartered in Denver, Colorado.

Market Data

Last Price 151.11
Change Percentage 1.79%
Open 149.45
Previous Close 148.45
Market Cap ( Millions) 9937
Volume 488299
Year High 155.64
Year Low 100.55
M A 50 140.75
M A 200 138.01

Financial Ratios

FCF Yield 4.39%
Dividend Yield 1.09%
ROE 9.74%
Debt / Equity 0.00%
Net Debt / EBIDTA -24.07%
Price To Book 3.27
Price Earnings Ratio 34.53
Price To FCF 22.76
Price To sales 14.84
EV / EBITDA 18.46

News

Business Breakdown

Expected Mid-Term Growth

Segment n°1 -> Stream

Expected Growth : 10 %

What the company do ?

Royal Gold's Stream segment generates revenue through the purchase and sale of metal streams, providing upfront capital to mining companies in exchange for a percentage of their future metal production.

Why we expect these perspectives ?

Royal Gold's 10% growth is driven by increasing gold prices, rising production volumes from its streaming agreements, and a strong balance sheet enabling strategic acquisitions. Additionally, the company's diversified portfolio of streams and royalties across various mines and geographies mitigates risks and provides a stable source of revenue.

Segment n°2 -> Royalty

Expected Growth : 12 %

What the company do ?

Royal Gold, Inc. is a royalty company that generates revenue through royalties on gold, silver, copper, and other metals and minerals from mining operations.

Why we expect these perspectives ?

Royal Gold's 12% royalty growth is driven by increasing gold prices, rising production volumes from its streaming agreements, and a strong portfolio of assets with low operating costs. Additionally, the company's diversified revenue streams, including copper and silver royalties, contribute to its growth. Furthermore, Royal Gold's disciplined capital allocation and strategic acquisitions also support its growth momentum.

Royal Gold, Inc. Products

Product Range What is it ?
Gold Streams Royal Gold provides gold streams to mining companies, allowing them to access capital in exchange for a percentage of their gold production.
Royalty Interests Royal Gold acquires royalty interests in mining projects, providing a percentage of the revenue generated by the project.
Metal Streams Royal Gold provides metal streams to mining companies, allowing them to access capital in exchange for a percentage of their metal production.
Net Smelter Return (NSR) Royalties Royal Gold acquires NSR royalties, earning a percentage of the revenue generated by a mining project.

Royal Gold, Inc.'s Porter Forces

Royal Gold, Inc. has a diversified portfolio of precious metal streams and royalties, which reduces the threat of substitutes.

Royal Gold, Inc. has a diverse customer base, but some customers have significant bargaining power due to their large size and purchasing power.

Royal Gold, Inc. has a strong position in the market, which reduces the bargaining power of its suppliers.

The gold streaming and royalty business has high barriers to entry, which reduces the threat of new entrants.

The gold streaming and royalty business is competitive, but Royal Gold, Inc. has a strong market position and a diversified portfolio, which reduces the intensity of rivalry.

Capital Structure

Value
Debt Weight 7.88%
Debt Cost 7.17%
Equity Weight 92.12%
Equity Cost 7.17%
WACC 7.17%
Leverage 8.55%

Historical Valuation

Price/Earnings Ratio

Margin Valuation

Peers Valuation

Competitors

Company Rational
STLD Steel Dynamics, Inc., together with its subsidiaries, operates as a steel producer and metal recycler in the United States. It operates through three segments: Steel Operations, Metals Recycling Operations, and …
LUG.TO Lundin Gold Inc. operates as a mining company in Canada. The company holds interests in 27 metallic mineral concessions and three construction material concessions covering an area of approximately 64,270 …
NEU NewMarket Corporation, through its subsidiaries, engages in the petroleum additives business. The company offers lubricant additives for use in various vehicle and industrial applications, including engine oils, transmission fluids, off-road …
CMC Commercial Metals Company manufactures, recycles, and fabricates steel and metal products, and related materials and services in the United States, Poland, China, and internationally. The company processes and sells ferrous …
CBT Cabot Corporation operates as a specialty chemicals and performance materials company. It operates through three segments: Reinforcement Materials, Performance Chemicals, and Purification Solutions. The company offers reinforcing carbons used in …

Peers Metrics

DCF BETA

Parameters

Short Term Growth
Short term Time
Long-Term Growth
WACC
Target Price
151.11$
Current Price
151.11$
Potential
-0.00%

Expected Cash-Flows

Scoring Insights

ValueQualityYieldMomentumVolatilityGrowth
Company A-Score: 6.70Peer Group Average: 7.00Leader: 3.70

Peers Group Analysis

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